Trump calls off Pompeo's N Korea trip, blasts China

Agencies
August 25, 2018

Washington, Aug 25: US President Donald Trump on Friday pulled the plug on his top diplomat's upcoming trip to North Korea -- and took a swipe at China over stalled efforts to disarm Kim Jong Un's regime.

"I have asked Secretary of State Mike Pompeo not to go to North Korea, at this time, because I feel we are not making sufficient progress with respect to the denuclearization of the Korean Peninsula," Trump said on Twitter.

Pompeo was due to return to Pyongyang next week for what he described as the next stage in ensuring the "final, fully verified denuclearization of North Korea."

But Trump -- facing a slew of domestic problems and independent reports that North Korea has done little or nothing to roll back its nuclear program -- vetoed the plan.

Pompeo and Trump met earlier Friday, White House spokeswoman Sarah Sanders said.

Trump also stepped up his rhetoric against China, which has grown harsher as November congressional elections approach, with the world's top two economies now embroiled in an escalating trade war.

"Additionally, because of our much tougher Trading stance with China, I do not believe they are helping with the process of denuclearization as they once were (despite the UN Sanctions which are in place)," Trump said.

In another tweet, the president added Pompeo would still head to North Korea "in the near future," saying this would likely occur when the US-China trading relationship is "resolved."

"In the meantime I would like to send my warmest regards and respect to Chairman Kim. I look forward to seeing him soon!" Trump said.

The trip would have been Pompeo's fourth to North Korea, and the second since a historic summit on June 12 between Trump and Kim.

Trump, who relishes unpredictability in negotiating, had at one point canceled that summit, citing North Korea's "open hostility."

But he soon backtracked and the summit went ahead in Singapore.

Trump had previously claimed that he had "largely solved" the North Korea nuclear problem.

Despite that bold claim, the UN's International Atomic Energy Agency recently reported it had not seen any indication that nuclear activities in North Korea have stopped.

"The continuation and further development of the DPRK's nuclear program and related statements by the DPRK are a cause for grave concern," said a report by the International Atomic Energy Agency (IAEA), referring to North Korea's official name.

North Korea is believed to be close to developing a miniaturized nuclear device and the ballistic missile capabilities to carry it anywhere in the continental United States.

Evans Revere, a senior fellow at the Brookings Institution, said it is time for a radical shift in the US approach.

"The Trump administration needs a 'plan B' to deal with the probability that Pyongyang is doing what it has done with every previous US administration: exploiting diplomacy and negotiations to buy time," Revere said in a recent report.

Earlier this week, Pompeo named a Ford Motor Co. executive as special envoy for North Korea to try to get disarmament back on track.

Stephen Biegun, 55, who is retiring as Ford's vice president for international governmental affairs, had been considered for the post of Trump's national security advisor before it went to John Bolton.

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Agencies
February 13,2020

New Delhi, Feb 13: The BJP's Amit Shah today said statements like "goli maaro" and "Indo-Pak match" should not have been made by BJP leaders ahead of the Delhi elections.

The BJP may have suffered in the elections because of hate statements made by party leaders, he said, reported news agency Press Trust of India.

The party, he said, had distanced itself from such remarks.

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Agencies
May 13,2020

New Delhi, May 13: Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral-free automatic loan for businesses, including MSMEs.

This will benefit 45 lakh small businesses, she said detailing parts of the Rs 20 lakh crore economic stimulus package.

The loan will have 4-year tenure and will have a 12-month moratorium, she said.

Also, Rs 20,000 crore subordinated debt will be provided for stressed MSMEs, she said adding this would benefit 2 lakh such businesses.

The Finance Minister said a fund of funds for MSME is being created, which will infuse Rs 50,000 crore equity in MSMEs with growth potentials.

Also, MSME definition has been changed to allow units with investment up to Rs 1 crore to be called micro-units in place of Rs 25 lakh now.

Also units with turnover up to Rs 5 crore to be called micro-units, she said, adding a turnover based criteria is being introduced to define small businesses.

The investment and turnover limits for small and medium businesses have likewise been raised to allow them to retain fiscal and other benefits, she said.

Global tenders will be banned for government procurement up to Rs 200 crore, she said, adding this would help MSMEs to compete and supply in government tenders.

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JM
 - 
Thursday, 14 May 2020

Fully automatic loan..... not reachable to poor needy......

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News Network
February 5,2020

Feb 5: Pakistan will buy more palm oil from Malaysia, Prime Minister Imran Khan said on Tuesday, aiming to help offset lost sales after top buyer India put curbs on Malaysian imports last month amid a diplomatic row.

India imposed restrictions on refined palm oil imports and informally asked traders to stop buying from Malaysia, the world's biggest producer of the edible oil. Sources said the move was in retaliation for Malaysia's criticism of India's policy on Kashmir.

Malaysian Prime Minister Mahathir Mohamad said on Tuesday that he discussed palm oil with Khan who was on a visit to Malaysia and that Pakistan had indicated it would import more from Malaysia.

"That's right, especially since we noticed India threatened Malaysia for supporting the Kashmir cause, threatened to cut palm oil imports," Khan told a joint news conference, referring to India's Muslim-majority region of Kashmir.

"Pakistan will do its best to compensate for that."

India is a Hindu-majority country while Malaysia and Pakistan are mainly Muslim. India and Pakistan have been mostly hostile to each other since the partition of British India in 1947, and have fought two of their three wars over competing territorial claims in Kashmir.

Pakistan may have bought around 135,000 tonnes of Malaysian palm oil last month, a record high, India-based dealers who track such shipments told Reuters on condition of anonymity.

The figure is close to estimates of 141,500 tonnes from Refinitiv, which show sales to India in January may have plunged 80% from a year earlier to 40,400 tonnes.

Malaysia will release official export data on Monday.

Pakistan bought 1.1 million tonnes of palm oil from Malaysia last year, while India bought 4.4 million tonnes, according to the Malaysian Palm Oil Council.

Malaysian palm oil futures rose on Tuesday after Khan's comments and on expectations of a steep drop in production in January.

STRONG TIES

India has repeatedly objected to Mahathir speaking out against its move last year to strip Kashmir's autonomy and make it easier for non-Muslims from neighbouring Muslim-majority Bangladesh, Pakistan and Afghanistan to gain citizenship.

At the news conference, Mahathir did not refer to Kashmir but Khan did.

"The way you, PM, have stood with us and spoken about this injustice going on, on behalf of Pakistan I really want to thank you," Khan said.

He also said he was sad he had been unable to attend a summit of Muslim leaders in Malaysia in December. Saudi Arabia did not attend the summit, saying it was the wrong forum to discuss matters affecting the world's Muslims and Khan belatedly pulled out.

Some Pakistani officials, unnamed because they were not authorised to speak to the media, said at the time that Khan pulled out under pressure from Saudi Arabia, a close ally, although local media reported his officials denied that was the reason for his absence.

"Unfortunately our friends, who are very close to Pakistan as well, felt that somehow the conference was going to divide the ummah," Khan said, using the Arabic word for the Muslim community but not mentioning Saudi Arabia by name.

"It is clearly a misconception, as that was not the purpose of the conference."

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